New Delhi: Prime Minister Narendra Modi on Tuesday urged Indian industries to aggressively tap into global markets, emphasizing that India’s growing economic stature and global trust advantage must be leveraged to drive exports and global market share. Addressing a post-Budget webinar focused on MSMEs, Modi also announced a new initiative to provide collateral-free loans of up to ₹2 crore for first-time entrepreneurs, underlining the government’s commitment to nurturing grassroots entrepreneurship.
India’s Economic Strength: A Global Opportunity
PM Modi highlighted how India’s strong economic growth, expanding manufacturing capabilities, and improving ease of doing business have made the country a trusted partner on the global stage. “There is unprecedented trust in India today. Global companies want to partner with Indian businesses — we must seize this moment,” Modi said.
He encouraged Indian businesses — from MSMEs to large corporations — to adopt a ‘Global First’ mindset, and look beyond domestic markets to establish their footprint worldwide.
Boost for First-Time Entrepreneurs
In a major policy move, the Prime Minister announced that the government will offer loans up to ₹2 crore to first-time entrepreneurs without the need for collateral. This initiative is designed to unlock the entrepreneurial potential of youth, small business aspirants, and innovators across the country.
“We want to build a culture where anyone with a good idea and a solid business plan can access capital easily. Financial inclusion is at the heart of this vision,” Modi said, adding that women entrepreneurs and businesses in rural areas would be given special preference under the scheme.
Reforms and Resilience in MSME Sector
The Prime Minister also pointed to a series of reforms introduced in the Union Budget 2025, aimed at simplifying regulatory processes, providing tax incentives, and boosting access to finance for micro, small, and medium enterprises.
He highlighted that the Credit Guarantee Scheme for MSMEs has been further strengthened, and interest subvention support will continue for eligible borrowers to reduce cost of capital.
Driving Innovation and Global Competitiveness
PM Modi stressed that Indian businesses must invest in technology adoption, innovation, and quality upgradation to stay competitive globally. He noted that the Viksit Bharat 2047 vision places entrepreneurship and MSME growth at its core, aiming to transform India into a global manufacturing and innovation hub.
“This is the time for Indian entrepreneurs to dream big. Whether it’s exports, innovation, or digital transformation, our government is fully committed to walking this journey with you,” the Prime Minister assured.
Conclusion
With the government’s strong focus on access to finance, simplified compliance, and global market integration, the post-Budget push for MSMEs underlines their critical role in shaping India’s economic destiny. As industries respond to this call, the success of first-time entrepreneurs could well define the next chapter of India’s economic story.
